Ametek Net Debt vs Total Current Assets Analysis

0HF7 Stock

195.78 1.07 0.54%

Ametek financial indicator trend analysis is way more than just evaluating Ametek Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ametek Inc is a good investment. Please check the relationship between Ametek Net Debt and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ametek Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Debt vs Total Current Assets

Net Debt vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ametek Inc Net Debt account and Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Ametek's Net Debt and Total Current Assets is 0.85. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Ametek Inc, assuming nothing else is changed. The correlation between historical values of Ametek's Net Debt and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Ametek Inc are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Net Debt i.e., Ametek's Net Debt and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Most indicators from Ametek's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ametek Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ametek Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Selling General Administrative is likely to gain to about 729.3 M in 2024, whereas Tax Provision is likely to drop slightly above 237.6 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	1.9B	2.1B	2.4B	2.5B
Total Revenue	5.5B	6.2B	6.6B	6.9B

Gross Profit Total Revenue

Ametek fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Current Deferred Revenue	Short Term Investments	Common Stock
Total Assets		0.94	0.97	0.93	0.99	0.99	0.91	0.99	0.25	1.0	-0.03	0.25	0.96	-0.83	0.91	0.96	0.92	-0.77	0.98	0.97	0.76	0.99	0.9	0.68	0.7	0.49
Short Long Term Debt Total	0.94		0.93	0.88	0.89	0.92	0.95	0.92	0.33	0.93	-0.03	0.33	0.94	-0.9	0.95	0.88	0.89	-0.83	0.99	0.95	0.74	0.93	0.9	0.51	0.76	0.59
Other Current Liab	0.97	0.93		0.9	0.95	0.93	0.91	0.96	0.25	0.97	-0.12	0.25	0.97	-0.84	0.9	0.93	0.86	-0.79	0.96	0.94	0.71	0.97	0.93	0.57	0.71	0.53
Total Current Liabilities	0.93	0.88	0.9		0.92	0.97	0.92	0.91	0.02	0.94	0.3	0.02	0.92	-0.76	0.74	0.94	0.88	-0.62	0.92	0.86	0.94	0.9	0.82	0.63	0.62	0.31
Total Stockholder Equity	0.99	0.89	0.95	0.92		0.98	0.87	0.99	0.22	0.99	-0.02	0.22	0.94	-0.78	0.86	0.96	0.91	-0.73	0.95	0.95	0.75	0.99	0.87	0.73	0.65	0.43
Property Plant And Equipment Net	0.99	0.92	0.93	0.97	0.98		0.91	0.97	0.17	0.99	0.11	0.17	0.94	-0.79	0.84	0.96	0.94	-0.72	0.96	0.93	0.84	0.97	0.84	0.72	0.64	0.38
Net Debt	0.91	0.95	0.91	0.92	0.87	0.91		0.88	0.03	0.91	0.06	0.03	0.95	-0.84	0.86	0.91	0.9	-0.74	0.95	0.85	0.81	0.91	0.88	0.56	0.68	0.5
Retained Earnings	0.99	0.92	0.96	0.91	0.99	0.97	0.88		0.28	0.99	-0.08	0.28	0.94	-0.79	0.9	0.95	0.92	-0.81	0.97	0.96	0.72	0.99	0.86	0.72	0.66	0.45
Cash	0.25	0.33	0.25	0.02	0.22	0.17	0.03	0.28		0.2	-0.36	1.0	0.14	-0.31	0.47	0.06	0.14	-0.44	0.29	0.46	-0.13	0.23	0.23	-0.07	0.37	0.48
Non Current Assets Total	1.0	0.93	0.97	0.94	0.99	0.99	0.91	0.99	0.2		-0.02	0.2	0.96	-0.81	0.89	0.97	0.93	-0.75	0.98	0.95	0.77	0.99	0.89	0.7	0.68	0.47
Non Currrent Assets Other	-0.03	-0.03	-0.12	0.3	-0.02	0.11	0.06	-0.08	-0.36	-0.02		-0.36	-0.04	0.07	-0.31	0.08	0.02	0.34	-0.04	-0.08	0.58	-0.13	-0.11	-0.03	-0.12	-0.43
Cash And Short Term Investments	0.25	0.33	0.25	0.02	0.22	0.17	0.03	0.28	1.0	0.2	-0.36		0.14	-0.31	0.47	0.06	0.14	-0.44	0.29	0.46	-0.13	0.24	0.23	-0.07	0.37	0.48
Net Receivables	0.96	0.94	0.97	0.92	0.94	0.94	0.95	0.94	0.14	0.96	-0.04	0.14		-0.87	0.91	0.97	0.89	-0.74	0.97	0.93	0.75	0.96	0.96	0.55	0.75	0.59
Common Stock Shares Outstanding	-0.83	-0.9	-0.84	-0.76	-0.78	-0.79	-0.84	-0.79	-0.31	-0.81	0.07	-0.31	-0.87		-0.88	-0.79	-0.75	0.65	-0.89	-0.87	-0.61	-0.82	-0.89	-0.33	-0.71	-0.61
Non Current Liabilities Total	0.91	0.95	0.9	0.74	0.86	0.84	0.86	0.9	0.47	0.89	-0.31	0.47	0.91	-0.88		0.82	0.84	-0.85	0.95	0.94	0.51	0.92	0.9	0.48	0.77	0.72
Inventory	0.96	0.88	0.93	0.94	0.96	0.96	0.91	0.95	0.06	0.97	0.08	0.06	0.97	-0.79	0.82		0.89	-0.69	0.94	0.91	0.8	0.95	0.9	0.67	0.64	0.42
Other Current Assets	0.92	0.89	0.86	0.88	0.91	0.94	0.9	0.92	0.14	0.93	0.02	0.14	0.89	-0.75	0.84	0.89		-0.73	0.92	0.88	0.76	0.92	0.78	0.69	0.62	0.41
Other Stockholder Equity	-0.77	-0.83	-0.79	-0.62	-0.73	-0.72	-0.74	-0.81	-0.44	-0.75	0.34	-0.44	-0.74	0.65	-0.85	-0.69	-0.73		-0.8	-0.8	-0.42	-0.79	-0.65	-0.55	-0.54	-0.43
Total Liab	0.98	0.99	0.96	0.92	0.95	0.96	0.95	0.97	0.29	0.98	-0.04	0.29	0.97	-0.89	0.95	0.94	0.92	-0.8		0.97	0.75	0.98	0.93	0.59	0.75	0.58
Total Current Assets	0.97	0.95	0.94	0.86	0.95	0.93	0.85	0.96	0.46	0.95	-0.08	0.46	0.93	-0.87	0.94	0.91	0.88	-0.8	0.97		0.67	0.95	0.91	0.54	0.75	0.59
Short Term Debt	0.76	0.74	0.71	0.94	0.75	0.84	0.81	0.72	-0.13	0.77	0.58	-0.13	0.75	-0.61	0.51	0.8	0.76	-0.42	0.75	0.67		0.71	0.63	0.52	0.48	0.11
Intangible Assets	0.99	0.93	0.97	0.9	0.99	0.97	0.91	0.99	0.23	0.99	-0.13	0.24	0.96	-0.82	0.92	0.95	0.92	-0.79	0.98	0.95	0.71		0.9	0.69	0.7	0.52
Accounts Payable	0.9	0.9	0.93	0.82	0.87	0.84	0.88	0.86	0.23	0.89	-0.11	0.23	0.96	-0.89	0.9	0.9	0.78	-0.65	0.93	0.91	0.63	0.9		0.36	0.8	0.72
Current Deferred Revenue	0.68	0.51	0.57	0.63	0.73	0.72	0.56	0.72	-0.07	0.7	-0.03	-0.07	0.55	-0.33	0.48	0.67	0.69	-0.55	0.59	0.54	0.52	0.69	0.36		0.07	-0.1
Short Term Investments	0.7	0.76	0.71	0.62	0.65	0.64	0.68	0.66	0.37	0.68	-0.12	0.37	0.75	-0.71	0.77	0.64	0.62	-0.54	0.75	0.75	0.48	0.7	0.8	0.07		0.8
Common Stock	0.49	0.59	0.53	0.31	0.43	0.38	0.5	0.45	0.48	0.47	-0.43	0.48	0.59	-0.61	0.72	0.42	0.41	-0.43	0.58	0.59	0.11	0.52	0.72	-0.1	0.8

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Ametek Account Relationship Matchups

Ametek fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	9.8B	10.4B	11.9B	12.4B	15.0B	15.8B
Short Long Term Debt Total	2.8B	2.4B	2.5B	2.4B	3.4B	3.5B
Other Current Liab	321.1M	304.8M	396.0M	388.8M	441.9M	464.0M
Total Current Liabilities	1.4B	1.1B	1.6B	1.6B	2.9B	3.0B
Total Stockholder Equity	5.1B	5.9B	6.9B	7.5B	8.7B	9.2B
Property Plant And Equipment Net	728.6M	693.8M	787.1M	805.9M	1.1B	1.2B
Net Debt	2.4B	1.2B	2.2B	2.0B	3.0B	3.1B
Retained Earnings	6.4B	7.1B	7.9B	8.9B	9.9B	10.4B
Cash	393.0M	1.2B	346.8M	345.4M	409.8M	211.8M
Non Current Assets Total	7.8B	7.8B	9.8B	9.9B	12.2B	12.8B
Non Currrent Assets Other	(815.9M)	(826.1M)	(1.1B)	(1.1B)	453.0M	475.6M
Cash And Short Term Investments	393.0M	1.2B	346.8M	345.4M	409.8M	214.8M
Net Receivables	744.8M	597.5M	829.2M	919.3M	1.0B	1.1B
Common Stock Shares Outstanding	229.4M	231.2M	232.8M	231.5M	231.5M	199.5M
Liabilities And Stockholders Equity	9.8B	10.4B	11.9B	12.4B	15.0B	15.8B
Non Current Liabilities Total	3.3B	3.3B	3.5B	3.4B	3.4B	3.6B
Inventory	624.6M	559.2M	769.2M	1.0B	1.1B	1.2B
Other Current Assets	263.4M	153.0M	183.6M	219.1M	269.5M	282.9M
Other Stockholder Equity	(741.6M)	(643.5M)	(560.5M)	(808.7M)	(727.9M)	(691.5M)
Total Liab	4.7B	4.4B	5.0B	5.0B	6.3B	6.6B
Total Current Assets	2.0B	2.5B	2.1B	2.5B	2.8B	3.0B
Accumulated Other Comprehensive Income	(533.1M)	(504.5M)	(470.4M)	(574.9M)	(484.9M)	(460.7M)
Short Term Debt	540.5M	177.2M	362.4M	272.4M	1.5B	1.6B
Intangible Assets	3.0B	2.9B	3.7B	3.7B	4.2B	4.4B
Accounts Payable	377.2M	360.4M	470.3M	497.1M	516.6M	542.4M
Current Deferred Revenue	156.8M	194.6M	298.7M	357.7M	375.5M	394.3M
Common Stock	2.7M	2.7M	2.7M	2.7M	2.7M	1.8M
Good Will	4.0B	4.2B	5.2B	5.4B	6.4B	6.8B
Other Assets	271.4M	283.7M	1.0	372.6M	428.5M	449.9M
Other Liab	889.3M	922.6M	1.1B	1.1B	1.3B	1.0B
Net Tangible Assets	(1.7B)	(899.3M)	(1.7B)	(1.2B)	(1.4B)	(1.5B)
Long Term Debt	2.3B	2.3B	2.3B	2.2B	2.6B	2.4B
Property Plant Equipment	728.6M	693.8M	787.1M	805.9M	926.8M	744.8M

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Ametek Net Debt vs Total Current Assets Analysis

Net Debt vs Total Current Assets

Net Debt vs Total Current Assets Correlation Analysis

Correlation Coefficient

Net Debt

Total Current Assets

Ametek fundamental ratios Correlations

Ametek Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ametek fundamental ratios Accounts

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Additional Tools for Ametek Stock Analysis

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Non Current Assets Total	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets
Intangible Assets	+ 0.99	Total Assets

Common Stock Shares Outstanding	- 0.9	Short Long Term Debt Total
Accounts Payable	- 0.89	Common Stock Shares Outstanding
Total Liab	- 0.89	Common Stock Shares Outstanding
Non Current Liabilities Total	- 0.88	Common Stock Shares Outstanding
Total Current Assets	- 0.87	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.87	Net Receivables